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Bankruptcy Petition Preparer (BPP)

Definition - What does Bankruptcy Petition Preparer (BPP) mean?

A Bankruptcy Petition Preparer is a person that is hired by a debtor in a bankruptcy case to prepare the documentation on their behalf. The petitioner does not need a law degree, but usually has a legal background, such as a paralegal or legal secretary. Some jurisdictions require that the BPP adhere to certain rules and meet certain qualifications. There are many cases where a debtor does not feel prepared to handle the paperwork involved in a complex bankruptcy case and hires a Bankruptcy Petition Preparer to take stress away from the debtor.

Justipedia explains Bankruptcy Petition Preparer (BPP)

A Bankruptcy Petition Preparer cannot offer legal advice. They can only type up the documentation as given to them by the debtor. They are not allowed to tell you which type of bankruptcy you would be best suited for nor are they able to advise as to which assets should be included or give any help regarding categorization of debts and assets.

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